METRO MANILA--September 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--PETRONAS (Kuala Lumpur, Malaysia), Abu Dhabi National Oil Company (ADNOC) (Abu Dhabi, United Arab Emirates) and Storegga (London, England) have signed a joint study and development agreement to explore carbon capture and storage (CCS) opportunities in the Penyu Basin, offshore Peninsular Malaysia. The agreement aims to develop a CCS facility with a storage capacity of at least 5 million tonnes of carbon dioxide per year by 2030. This partnership aligns with Malaysia's energy transition goals, positioning the country as a regional hub for CCS in the Asia-Pacific region.